World
January 1, 2025 08:45
europe, russia, ukraine, turkey, moldova - Recent news reveals that Russia has officially halted natural gas shipments to Europe through Ukraine, sparking fears of an energy crisis in the continent. The situation has put Turkey in focus as a key route for gas flow.
Russian energy company Gazprom announced today that natural gas shipments to Europe through Ukraine have officially been stopped. Despite weeks of escalating tensions, this decision could lead Europe into another energy crisis. The continent's attention has now turned towards Turkey, which has become the sole route for gas flow.
The conflict in Ukraine, which started on February 24, 2022, has plunged Europe into one of its biggest energy crises. In response to gas shortages, EU countries have taken strict measures, with iconic structures like the Eiffel Tower turning off lights, and politicians appearing in winter sweaters on camera.
Following the termination of the five-year agreement between Ukraine's national gas company Naftogaz and Russian energy giant Gazprom, natural gas shipments to Europe through Ukraine have officially ceased.
Ukraine had previously stated multiple times that it would not allow Russian gas to pass through its territory starting from January 1. In a morning announcement on its Telegram account, Gazprom stated that gas flow was halted at 8 a.m. Moscow time.
The gas pipeline built during the Soviet era to transport Siberian gas to European markets via Ukraine was the last major gas corridor from Russia to Europe.
Although Europe significantly reduced its consumption of Russian gas after the conflict in Ukraine began around three years ago, countries such as Austria, Hungary, Slovakia, and some Balkan nations still rely on Russian gas via Ukraine. The shutdown of the 60-year-old gas flow is a 'red alert' for these countries. Moldova, in particular, is the most vulnerable, having declared a state of emergency in December when faced with the risk of losing Russian gas supplied through Ukraine.
Slovakia's Prime Minister Robert Fico had previously mentioned the possibility of taking reciprocal measures against Kyiv if Ukraine halted gas flow after January 1. Similar threats have been made by Hungary, but Ukrainian President Volodymyr Zelensky has not backed down.
The decision to halt gas flow was expected to be announced by Zelensky last night, but he did not address the issue in his New Year's speech. However, in previous statements, the Ukrainian leader vowed not to allow Russia to profit from their blood and gave the EU a year to prepare for the situation.
The stoppage of gas flow has been described by the BBC as the end of the 'era of cheap Russian gas' in the EU. Following Ukraine's cut-off of Russian gas, Turkey has emerged as the sole route for gas flow to Europe via the TurkStream pipeline, which crosses the Black Sea.
Operational since January 2020, the TurkStream pipeline has drawn attention for its high capacity in the energy equation. Comprising two lines with an annual capacity of 15.75 billion cubic meters each, TurkStream has supplied over 40 billion cubic meters of natural gas to Turkey and more than 53 billion cubic meters to Europe to date.